Glencore Considers Relocating Primary Listing from London to New York

The mining giant evaluates a potential move to achieve better valuation and liquidity, signaling another challenge for the London Stock Exchange.

Glencore, one of the world's largest mining and commodities trading firms, is exploring shifting its primary stock market listing from London to New York.
The company cites concerns about achieving optimal stock valuation and liquidity on the London Stock Exchange as reasons for the potential move.
This development follows a broader trend of high-profile companies, including Flutter and Ashtead, leaving London for exchanges with deeper capital pools like New York.
Glencore's CEO, Gary Nagle, emphasized that the decision is still under review and aims to ensure the company's securities are traded on the most advantageous platform.
If finalized, the move would mark a significant loss for the London Stock Exchange, given Glencore's £40 billion market capitalization and its historical role as a major player in the UK market.